The Authoritative NSS Page

[breezin_chs]

Apparently it's more fun to be an outlaw than a sheriff or a mere citizen.

Lets premise by admitting that a true con man/manipulator will take what they are given and find a way to work it.

Agree and a good starting point.

Thanks for your facts, thoughts, opinions, WAG's. Every issue deserves a chapter. First some clarification.

Short selling still allows the abuses of multiple stock locates in the execution of trades which for day traders could allow multiples of the legitimate levels of short sales to be executed intra-day into a market. You can use this loophole as leverage to take 2,3,5, etc...% out of a stock intraday and profit at anothers loss.

Are you saying that the same share of stock ABCD, say, 1 share or a block of 10 million, can be obtained (or promised) from multiple sources without the sources knowing that the block is going to one trader, Mr. X Trader? Therefore, with different brokerage accounts, Mr. X can short the same block multiple times?

Or are you saying that, say, Mr. Ex-Management has a paper cert for 10M shares. Mr. Ex is willing to lend his shares to Mr. X Trader. Mr. X, through different brokers, uses the same cert to short the stock multiple times?

I have a feeling that you meant something else entirely.

The answer: mandatory pre-borrow.

Agree. Period. It's the shuffle that seems possible, which is why every share of stock should have a bulletproof ID number, IMO.